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<br />LOAN NUMBER: 016b017410
<br />_. ..- ... ._ ., ~EE~D OF TR~'S"~..
<br />(PREAUTHORIZED (OPEN END) CREDIT -FUTURE ADVANCES ARE SECURED
<br />BY THIS DEED OF TRUST)
<br />THIS DEED OF TRUST ("Security Instrument") is made on March 17, 2010. The grantors are LYNDALL R
<br />HULIT and MARY K HULIT, HUSBAND AND WIFE, whose address is 1117 W 11TH ST, Grand Island,
<br />Nebraska b8801-4017 ("Borrower"). Borrower is not necessarily the same as the Person or Persons who sign the
<br />Contract. The obligations of Borrowers who did not sign the Contract are explained further in the section titled
<br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The trustee is
<br />TierOne Bank whose address is 1235 'N' St / P.O. Box 83009, Lincoln, Nebraska 68501 ("Trustee"). The
<br />beneficiary is TierOne Bank, which is organized and existing under the laws of the United States of America and
<br />whose address is 1235 'N' St / PO Bax 83009, Lincoln, Nebraska 68501 ("Lender"). LYNDALL R HULIT and
<br />MARY K HULIT have entered into aEquity -Line of Credit ("Contract") with Lender as of March 17, 2010,
<br />under the terms of which Borrower may, from time to time, obtain advances not to exceed, at any time, a
<br />***MAXIMUM PRINCIPAL AMOUNT (EXCLUDING PROTECTIVE ADVANCES)*** of Seventy
<br />Thousand and 00/100 Dollars (U. S. $70,000.00) ("Credit Limit"). Any party interested in the details related to
<br />Lender's continuing obligation to make advances to Borrower is advised to consult directly with Lender, This
<br />Security Instrument secures to bender: (a) the repayment of the debt under the Contract, with interest, including
<br />future advances, and all renewals, extensions and modifications of the Contract; (b) the payment of all other sums,
<br />with interest, advanced to protect the security of this Security Instrument under the provisions of the section titled
<br />Protection of bender's Rights in the Property; and (c) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Contract. For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL, State of Nebraska:
<br />Address: 1117 W 11TH ST, Grand Island, Nebraska 68801-4017
<br />Legal Description: LOTS 4 AND 5, BLOCK 11, GILBERTS ADDTfION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA
<br />Parcel ID/Sidwell Number: 400133806
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />® 2IXW-20119 Compliance Systema, inc. 002A-7521 - 2009.12.368
<br />L'onsumer Reel Estate - See~rrity Instntment UL2036 page 1 of7 www.compliencesystems.com
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